The German giant reportedly wants to supply batteries starting from the fifth season of the Formula E event. It has applied with a tender to be the sole supplier of batteries for the event. Porsche has been visible at the races with some of the top management attending the event for the first two seasons.
The application is currently being evaluated by a team of independent consultants brought in by FIA to determine who will be the sole supplier of batteries. The decision is expected to be concluded by next month after additional time was given.
A formal announcement is expected at the Hong Kong ePrix to be held in October is believed to be under consideration. However, there could be an earlier announcement at the World Motorsport Council to be held next week.
The company has been working on electric cars and sustainable mobility with its last year launch of the Mission E concept car. Porsche was allocated the task of managing the battery technology and development for the whole of Volkswagen Group earlier this year.
Nine companies including Red Bull Technology, Renault, Citroen DS and India's homegrown utility vehicle manufacturer Mahindra in the fray for supplying battery fifth season onwards. Mahindra races a team at the Formula E and understands the requirement of the battery technology. However, Team Principal Dilbagh Gill said that they have decided against it.